The NSO has projected the real GDP growth at 7.6%, and nominal GDP growth at 9.1%, for FY24, and the deflator is around 1.5% y-o-y. In FY23, the GDP deflator was 7% y-o-y.

Analyzing disinflation trends across consumer prices, GDP numbers, and PCE deflator, as the Federal Reserve sets policies.

China’s GDP deflator, the widest measure of prices across the economy, was negative 0.6% in 2023, the steepest annual decline since the late 1990s, according to Bloomberg calculations based on ...